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A $3.5 Billion Effort Aims to Help Tech Start-Ups
- Mrcooner2000 17y agoNice initiative, America's competitive advantage should be sustained along with other developing countries. "A gain which is someone's loss", is a real short-term strategy. So, is outsourcing and also not outsourcing.
- fmw 17y agoWhat the article fails to report is if there is any extra investment or if it is just a public relations initiative presenting normal hiring and investment as a special effort to strengthen the industry. As far as I can read there is little that indicates that. Especially the "commitment" of US Venture Capitalists to invest "portions of their funds in start-ups founded in the United States" seems empty. Have they ever invested a significant portion of their funds in startups that have been founded abroad? The article had one sensible quote from someone affiliated with Duke University suggesting that fixing visa systems for foreign students would be a better approach to increase the competitive advantage of the United States in the long run.